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USA Investment and Branch Plants
-Before WWI, Canada mostly trades with Britain but changes to USA after WWI because Britain was in debt.
-USA invested in Canadian Economy
-pulp, paper mills, mines
-instead of lending money to Canada, US set up branch plants
- owning businesses in Canada
- avoided Canadian tariffs
-GM, Ford and Chrysler took over Canadian car industry (McLaughline gone)
-led to lack of secondary industries in Canada
-USA invested in Canadian Economy
-pulp, paper mills, mines
-instead of lending money to Canada, US set up branch plants
- owning businesses in Canada
- avoided Canadian tariffs
-GM, Ford and Chrysler took over Canadian car industry (McLaughline gone)
-led to lack of secondary industries in Canada
"Canada has great natural resources, and its people have the spirit and ability to develop them. "
Charles E. Wilson
Charles E. Wilson